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The USPS' ability to carry our its duties and remain financially self-sustaining continues to be at risk, according to a recently released GAO performance audit. Conducted over the past year, GAO's report found that the agency is projecting "unsustainable" losses through 2020.

The Oversight Committee has jurisdiction over all matters relating to the federal workforce including civil service issues, compensation and procurement. The chairman gives us an update on on-going legislation.

Sen. Mark Warner proposed a web-based system to Congress to improve the way federal expenses are reported by federal agencies. It's the Senate version of a bill proposed last week in the House by Rep. Darrell Issa.